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REGISTERED NUMBER: 09771183















Financial Statements for the Year Ended 31 May 2023

for

Urban Inns Limited

Urban Inns Limited (Registered number: 09771183)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Urban Inns Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: A Ward
S J Louth
D A Parslow
K F Arrenberg
B Joseph
R Dobson





REGISTERED OFFICE: Dorney House
46-48a High Street
Burnham
Berkshire
SL1 7JP





REGISTERED NUMBER: 09771183






Urban Inns Limited (Registered number: 09771183)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 287,147 308,145

CURRENT ASSETS
Stocks 21,567 20,198
Debtors 5 57,032 107,100
Cash at bank and in hand 71,147 73,384
149,746 200,682
CREDITORS
Amounts falling due within one year 6 188,934 393,682
NET CURRENT LIABILITIES (39,188 ) (193,000 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,959

115,145

CREDITORS
Amounts falling due after more than one
year

7

36,779

42,427
NET ASSETS 211,180 72,718

CAPITAL AND RESERVES
Called up share capital 741,752 741,752
Retained earnings (530,572 ) (669,034 )
SHAREHOLDERS' FUNDS 211,180 72,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Urban Inns Limited (Registered number: 09771183)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:





A Ward - Director


Urban Inns Limited (Registered number: 09771183)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Urban Inns Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The financial statements have been prepared on a going concern basis even though at the balance sheet date the company had net liabilities of £6,383.

The Directors consider the going concern basis to be appropriate and the company will continue to obtain sufficient funding.

Urban Inns Limited (Registered number: 09771183)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 327,931 137,725 465,656
Additions - 17,457 17,457
At 31 May 2023 327,931 155,182 483,113
DEPRECIATION
At 1 June 2022 95,788 61,723 157,511
Charge for year 24,436 14,019 38,455
At 31 May 2023 120,224 75,742 195,966
NET BOOK VALUE
At 31 May 2023 207,707 79,440 287,147
At 31 May 2022 232,143 76,002 308,145

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 160 2,544
Other debtors 56,872 104,556
57,032 107,100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 5,219 5,080
Trade creditors 40,038 308,662
Taxation and social security 59,407 27,537
Other creditors 84,270 52,403
188,934 393,682

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 36,779 42,427

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,548 20,789